E-Z-GO 2015 Annual Report Download - page 73
Download and view the complete annual report
Please find page 73 of the 2015 E-Z-GO annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.
Note 13. Commitments and Contingencies
:HDUHVXEMHFWWROHJDOSURFHHGLQJVDQGRWKHUFODLPVDULVLQJRXWRIWKHFRQGXFWRIRXUEXVLQHVVLQFOXGLQJSURFHHGLQJVDQGFODLPV
UHODWLQJ WR FRPPHUFLDO DQG ILQDQFLDO WUDQVDFWLRQV JRYHUQPHQW FRQWUDFWV DOOHJHG ODFN RI FRPSOLDQFH ZLWK DSSOLFDEOH ODZV DQG
UHJXODWLRQVSURGXFWLRQSDUWQHUVSURGXFWOLDELOLW\SDWHQWDQGWUDGHPDUNLQIULQJHPHQWHPSOR\PHQWGLVSXWHVDQGHQYLURQPHQWDO
VDIHW\DQGKHDOWKPDWWHUV6RPHRIWKHVHOHJDOSURFHHGLQJVDQGFODLPVVHHNGDPDJHVILQHVRUSHQDOWLHVLQVXEVWDQWLDODPRXQWVRU
UHPHGLDWLRQRIHQYLURQPHQWDOFRQWDPLQDWLRQ$VDJRYHUQPHQWFRQWUDFWRUZHDUHVXEMHFWWRDXGLWVUHYLHZVDQGLQYHVWLJDWLRQVWR
GHWHUPLQH ZKHWKHU RXU RSHUDWLRQV DUH EHLQJ FRQGXFWHG LQ DFFRUGDQFH ZLWK DSSOLFDEOH UHJXODWRU\ UHTXLUHPHQWV 8QGHU IHGHUDO
JRYHUQPHQWSURFXUHPHQWUHJXODWLRQVFHUWDLQFODLPVEURXJKWE\WKH86*RYHUQPHQWFRXOGUHVXOWLQRXUVXVSHQVLRQRUGHEDUPHQW
IURP86*RYHUQPHQWFRQWUDFWLQJIRUDSHULRGRIWLPH2QWKHEDVLVRILQIRUPDWLRQSUHVHQWO\DYDLODEOHZHGRQRWEHOLHYHWKDW
H[LVWLQJSURFHHGLQJVDQGFODLPVZLOOKDYHDPDWHULDOHIIHFWRQRXUILQDQFLDOSRVLWLRQRUUHVXOWVRIRSHUDWLRQV
,QWKHRUGLQDU\FRXUVHRIEXVLQHVVZHHQWHULQWRVWDQGE\OHWWHURIFUHGLWDJUHHPHQWVDQGVXUHW\ERQGVZLWKILQDQFLDOLQVWLWXWLRQVWR
PHHWYDULRXVSHUIRUPDQFHDQGRWKHUREOLJDWLRQV7KHVHRXWVWDQGLQJOHWWHURIFUHGLWDUUDQJHPHQWVDQGVXUHW\ERQGVDJJUHJDWHGWR
DSSUR[LPDWHO\PLOOLRQDQGPLOOLRQDW-DQXDU\DQG-DQXDU\UHVSHFWLYHO\
Environmental Remediation
$VZLWKRWKHULQGXVWULDOHQWHUSULVHVHQJDJHGLQVLPLODUEXVLQHVVHVZHDUHLQYROYHGLQDQXPEHURIUHPHGLDODFWLRQVXQGHUYDULRXV
IHGHUDODQGVWDWHODZVDQGUHJXODWLRQVUHODWLQJWRWKHHQYLURQPHQWWKDWLPSRVHOLDELOLW\RQFRPSDQLHVWRFOHDQXSRUFRQWULEXWHWR
WKH FRVW RI FOHDQLQJ XS VLWHV RQ ZKLFK KD]DUGRXV ZDVWHV RU PDWHULDOV ZHUH GLVSRVHG RU UHOHDVHG 2XU DFFUXHG HQYLURQPHQWDO
OLDELOLWLHVUHODWHWRLQVWDOODWLRQRIUHPHGLDWLRQV\VWHPVGLVSRVDOFRVWV86(QYLURQPHQWDO3URWHFWLRQ$JHQF\RYHUVLJKWFRVWVOHJDO
IHHVDQGRSHUDWLQJDQGPDLQWHQDQFHFRVWVIRUERWKFXUUHQWO\DQGIRUPHUO\RZQHGRURSHUDWHGIDFLOLWLHV&LUFXPVWDQFHVWKDWFDQ
DIIHFWWKHUHOLDELOLW\DQGSUHFLVLRQRIWKHDFFUXDOVLQFOXGHWKHLGHQWLILFDWLRQRIDGGLWLRQDOVLWHVHQYLURQPHQWDOUHJXODWLRQVOHYHORI
FOHDQXSUHTXLUHGWHFKQRORJLHVDYDLODEOHQXPEHUDQGILQDQFLDOFRQGLWLRQRIRWKHUFRQWULEXWRUVWRUHPHGLDWLRQDQGWKHWLPHSHULRG
RYHU ZKLFK UHPHGLDWLRQ PD\ RFFXU :H EHOLHYH WKDW DQ\ FKDQJHV WR WKH DFFUXDOV WKDW PD\ UHVXOW IURP WKHVH IDFWRUV DQG
XQFHUWDLQWLHVZLOOQRWKDYHDPDWHULDOHIIHFWRQRXUILQDQFLDOSRVLWLRQRUUHVXOWVRIRSHUDWLRQV
%DVHGXSRQLQIRUPDWLRQ FXUUHQWO\ DYDLODEOHZHHVWLPDWH WKDW RXUSRWHQWLDOHQYLURQPHQWDO OLDELOLWLHVDUHZLWKLQWKH UDQJH RI
PLOOLRQWRPLOOLRQ$W-DQXDU\HQYLURQPHQWDOUHVHUYHVRIDSSUR[LPDWHO\PLOOLRQKDYHEHHQHVWDEOLVKHGWRDGGUHVV
WKHVHVSHFLILFHVWLPDWHGOLDELOLWLHV:HHVWLPDWHWKDWZHZLOOOLNHO\SD\RXUDFFUXHGHQYLURQPHQWDOUHPHGLDWLRQOLDELOLWLHVRYHUWKH
QH[W WHQ \HDUV DQG KDYH FODVVLILHG PLOOLRQ DV FXUUHQW OLDELOLWLHV ([SHQGLWXUHV WR HYDOXDWH DQG UHPHGLDWH FRQWDPLQDWHG VLWHV
DSSUR[LPDWHGPLOOLRQPLOOLRQDQGPLOOLRQLQDQGUHVSHFWLYHO\
Leases
5HQWDOH[SHQVHDSSUR[LPDWHGPLOOLRQPLOOLRQDQGPLOOLRQLQDQGUHVSHFWLYHO\)XWXUHPLQLPXP
UHQWDO FRPPLWPHQWV IRU QRQFDQFHODEOH RSHUDWLQJ OHDVHV LQ HIIHFW DW -DQXDU\ DSSUR[LPDWHG PLOOLRQ IRU
PLOOLRQIRUPLOOLRQIRUPLOOLRQIRUPLOOLRQIRUDQGPLOOLRQWKHUHDIWHU7KHWRWDOIXWXUH
PLQLPXPUHQWDOUHFHLSWVXQGHUQRQFDQFHODEOHVXEOHDVHVDW-DQXDU\DSSUR[LPDWHGPLOOLRQ
Note 14. Supplemental Cash Flow Information
:HKDYHPDGHWKHIROORZLQJFDVKSD\PHQWV
(
In millions
)
2015 2014 2013
,QWHUHVWSDLG
0DQXIDFWXULQJJURXS
)LQDQFHJURXS
1
HWWD[HVSDLGUHFHLYHG
0DQXIDFWXULQJJURXS
)LQDQFHJURXS
7(;7521$118$/5(3257